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The Certified US Gold $2.5 Indian coin from 1908, graded AU58 by PCGS, represents a noteworthy example of early 20th-century American numismatic artistry. This coin is part of the Indian Head series, which was first introduced in 1908 and remained in circulation until 1929. Designed by the renowned sculptor Bela Lyon Pratt, the Indian Head design is celebrated for its distinctive and innovative approach to coinage design, reflecting a significant period in American coin history.
The Indian Head $2.5 gold coin, often referred to as the "Indian Head Quarter Eagle," was introduced to replace the Liberty Head design that had been in use since the late 19th century. The Indian Head design was notable for its departure from traditional coin designs, featuring a more modern and symbolic representation of American themes. The obverse of the coin showcases a left-facing portrait of a Native American chief, adorned with a feathered headdress. The profile is depicted in a manner that emphasizes both dignity and strength, capturing the essence of Native American symbolism. The inscription "LIBERTY" arches above the portrait, while the year of minting appears below it, grounding the coin in its historical context.
On the reverse side, the coin features an innovative design that diverges from conventional numismatic art. The reverse is characterized by its depiction of a majestic eagle in flight, clutching a bundle of arrows and an olive branch, symbolizing the balance between war and peace. The coin's legend, "UNITED STATES OF AMERICA," encircles the eagle, with the denomination "$2.50" prominently displayed below. This design not only reflects the artistic vision of Bela Lyon Pratt but also encapsulates the values and ideals of early 20th-century America.
The 1908 Indian Head $2.5 gold coin was minted at the Philadelphia Mint, which was the primary minting facility for U.S. coinage at the time. The mint's output for this coin series began in 1908 and continued through 1929. The production of the Indian Head series was part of a broader effort to modernize U.S. coinage and reflect the changing aesthetics and values of the era. The 1908 date is particularly significant as it marks the first year of issue for the Indian Head design, making it a key date for collectors and historians alike.
Regarding mintage, the 1908 Indian Head $2.5 gold coin had a production run of approximately 335,000 pieces. While this number may seem substantial, the coin's popularity among collectors and its historical significance contribute to its desirability. The relatively lower mintage compared to other gold coins from the era adds to the coin's rarity and value in the numismatic market. As a result, the 1908 Indian Head $2.5 is considered a sought-after item for both investors and collectors.
The condition of the coin is a crucial factor in its overall value and appeal. This particular coin has been graded AU58 by the Professional Coin Grading Service (PCGS), which indicates that it is in an Almost Uncirculated state. AU58 coins exhibit only minor wear on high points of the design, with most of the original mint luster intact. The coin retains sharp details and a pleasing overall appearance, with only minimal signs of handling or circulation. The AU58 grade signifies that the coin is in excellent condition, with nearly all of its original characteristics preserved.
In summary, the Certified US Gold $2.5 Indian coin from 1908, graded AU58 by PCGS, is a distinguished example of early 20th-century American coinage. With its unique design by Bela Lyon Pratt, historical significance as the first year of issue for the Indian Head series, and relatively low mintage, this coin represents an important piece of American numismatic history. Its excellent condition further enhances its appeal, making it a valuable addition to any collection and a testament to the artistry and craftsmanship of early 20th-century American minting.